usdt – Page 12 – Ƀitsell X

Tether Aims to Invest Half a Billion Dollar in Mining Ventures Over Next Six Months to Become a Top Miner

November 16, 2023

Source: Adobe/Jim Tether, the company behind the world’s largest stablecoin USDT, aims to invest half a billion dollars to become one of the world’s leading Bitcoin miners. Paolo Ardoino, the company’s incoming CEO, said in a recent interview that Tether plans to invest approximately $500 million over the next six months. The company’s investment strategy includes constructing…
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Tether Achieves Lifetime High With $86.51B Valuation; Tron Version Surpasses ETH in Several Metrics

November 10, 2023

This week, the leading stablecoin by market capitalization attained a valuation of $86.51 billion, following a supply surge of 3.6% in the past month. Currently, the Tron network holds approximately 45.82 billion USDT, while the Ethereum blockchain is home to 40.02 billion tethers, with the remainder circulating across various other blockchain platforms. Tether Supply Jumps…
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Ethereum price hits 6-month high amid BlackRock spot ETF buzz, but where’s the retail demand?

November 10, 2023

ETH price finally polevaulted the $2,000 resistance, but will retail demand and network use support the current bullish momentum? Ether (ETH) experienced a surprising 8% rally on Nov. 9, breaking the $2,000 barrier and achieving its highest price level in six months. This surge, triggered by news of BlackRock registering the iShares Ethereum Trust in…
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A Chat With Paolo Ardoino: What’s Behind The Bitcoin Price Rally, New Role As CEO, And Adoption

November 9, 2023

A year ago, our team sat down with Paolo Ardoino, CTO at crypto exchange Bitfinex, to talk about the Bitcoin price and the events that, for many, triggered the long crypto winter: the FTX collapse, and the downfall of major companies in the space. Now, we sat down with Ardoino once again to talk about…
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Latam Insights: USDT Takes Over Brazil, Bukele’s Administration Accused of Embezzlement

November 6, 2023

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: USDT dominates the Brazilian crypto market, Bukele’s administration is accused of deviating funds for Bitcoin projects, and Venezuelan exchanges create a new association. USDT Dominates the Brazilian Market The Brazilian Tax…
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Report: Taiwan Law Enforcement Seize Over 320 Million USDT From Alleged Money Launderer

November 2, 2023

Taiwanese law enforcement recently revealed the seizure of more than 320 million USDT stablecoins from an alleged money launderer. The seizure has been described as Taiwan’s largest bust ever from a single individual. Lamborghini and a Lexus Seized Taiwan’s law enforcement recently said it nabbed the four individuals behind what is being described as the…
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Chinese Court Hands 6-Year Prison Terms to Masterminds in $300 Million USDT Money Laundering Case

November 2, 2023

Source: Pixabay The Tongliang Court in China handed down sentences to 21 individuals, including key figures in a $300 million USDT money laundering case. The massive crypto money laundering case, which spanned from November 2020 to late April 2021, revolved around the actions of the primary defendants, Jiang Moumou and Zheng Moumou. Jian and Zheng…
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USDT Stablecoin Adoption in Brazil Skyrockets to 80% Share of Crypto Transactions

October 30, 2023

Source: f11photo/Adobe The adoption of the popular stablecoin Tether (USDT) in Brazil has experienced a remarkable surge in 2023, now constituting a staggering 80% of all crypto transactions within the country. According to data provided by Brazil’s tax agency that was first reported on by Cointelegraph, the total USDT transactions in Brazil for the year…
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Brazil’s USDT Volume Exceeds all Crypto Transactions Combined: Revenue Dept. Report

October 30, 2023

Source: Pixabay / Heiko Behn The Brazilian tax department report said that the country’s Tether (USDT) trading volume proliferated since 2021. Tether stands out among other stablecoins and has surpassed the volume of Bitcoin (BTC) during the same period. “Among the stablecoins, the cryptocurrency called Tether stands out, which in the period observed by the…
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Nigerian Bank Reportedly Freezes Accounts Belonging to 500 USDT Traders

October 24, 2023

A Nigerian bank has reportedly blocked bank accounts belonging to some 500 digital asset traders. The affected accounts are said to have received a portion of the more than $10 million that was stolen from Access Bank by hackers between May and June this year. A prominent Nigerian crypto enthusiast and educator has described the…
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